As Gas Prices Rise, the City Gets Its Share, Too.

With gasoline prices hitting new records daily, oil companies are not the only ones raking it in. New York City is profiting, too. The city's 4 percent sales tax on motor fuel sold brought in $26.4 million in December, January and February, or 8.6 percent more than the same period the year before. (Figures for March and April, when gas prices rose even higher, are not yet available.) In all of 2007, the city collected $105 million, a 7 percent increase from $98 million in 2006, which was 25 percent more than the $79 million in gas taxes from 2005. [ABSTRACT FROM PUBLISHER]